Germany to repatriate gold

Of course they have gold left. They said so on the TV. Anybody who questions the TV is a conspiracy theorist and a wierdo!
 
Copied from the BBC's website today -

"According to the BBC's Berlin correspondent, Stephen Evans, the German audit office has criticised the government for not keeping a proper track of the bars,

It has even suggested some of the bars may not have been checked to see if they are real, he added."



REAL ???
Wonder what the people responsible for safe keeping will claim if they are filled with tungsten rods ?
Bet they were real when first handed over to the vault though.
 
Is this the first step to leaving the Eurozone? Germans would be correctly concerned about continuing to prop up PIGS.
 
So: Courts want to see the gold back, Media want gold back, People want the gold back; the only one that doesn't is ... the government.
 
What a joke, why so long to bring it back? Obviously it isn't there if they can only get it in dribs and drabs over 7 years, and that isn't for all of it.
"Hey, we don't have your gold so we have to buy it from the market, if we buy it all at once gold will sky-rocket.. we can't tolerate that"
 
I am reminded of the old adage from Russia during the cold war era - "we pretend to work and the government pretends to pay us".
 
Fair point's but the question still stands, Why seven years ? If the whole point is to build trust and confidence domestically a 7 year timeline will not really achieve that will it? 12 months even would be ample time so as to avoid any perceived rush on things.

And this

Deshpal SandhuJanuary 17, 2013 at 8:33 AM
Why is someone else's reasonable opinion a CONSPIRACY while yours is a FUNDAMENTAL view? Not as if the bankers did not manipulate LIBOR, and routinely engage in fraudulent and illegal activities with the full blessing and collusion of the Cental Banks including the FED and the BOE. Speculation based on past fraud is not CONSPIRACY, it is a logical and reasonable conclusion drawn on facts. Why 7 years; if the FED has the gold, why not 7 months, which would be more than enough time for repatriation? Please have respect for others' intelligent opinions as you expect from them!
Click to expand...
http://thefundamentalview.blogspot.in/2013/01/let-gold-conspiracy-regarding-germany.html
 
I find it quite funny that the Court has to order the Bundesbank to take such action

First you need to understand what the Exchange Stabilization Fund is and is not. It is an account at a major gold bank in the name of the Exchange Stabilization Fund. This fund can legally trade in gold and does. The President of the USA and the Secretary of the US Treasury run this fund. Those two managers by law are permitted to designate another manager if they wish. The fund can trade long or short, borrow or lend anything. Basically this is a an account that can legally do anything it wants whenever it wants in secret as the year end statement can easily be brought to only benign activates by warehousing all the trades.
Click to expand...

http://www.jsmineset.com/

When I read what Reg showed me, I was stunned. But at the same time, it was clear to me what I was reading and what had happened. A transcript of the Federal Reserve Open Market Committee has been released for which somebody forgot to get his or her red pen out. Someone forgot to redact some very revealing words about the ESF and its activity with gold. Here's what was said. [See the transcript from the January 31st 1995 meeting.]

MR. MATTINGLY. It's pretty clear that these ESF operations are authorized. I don't think there is a legal problem in terms of the authority. The [ESF] statute is very broadly worded in terms of words like "credit" it has covered things like the gold swaps and it confers broad authority. [Emphasis added]

Please read the above statement again, and maybe even a third and fourth time. This statement, which I can only assume was inadvertently not redacted by the FOMC Secretariat, confirms what we already know, but the US government has all along refused to admit that the ESF is involved in the gold market. In fact, the authority of the ESF is so broad that "it has covered things like the gold swaps". In other words, the authority of the ESF is so broad it has even been used to authorize "gold swaps".
Click to expand...
http://kingworldnews.com/kingworldn...k_-_The_Entire_German_Gold_Hoard_Is_Gone.html

So if I read this right the people of Germany are curious as to whether their gold actually exists and have had to get a court order so that the Fed bank of Germany will check and make sure that it exists.

Libor, HSCB, Barclays, etc etc the very same people who are supposedly responsible for ensuring that the wealth of nations is infact intact and safe have to be told by a court to prove that it is, and then sort out an amicable agreement amongst themselves on how this will be done ?

And Fort Knox was audited by who and when last ?
 
You must log in or register to reply here.
Back
Top